NEW

THE SMART BUSINESS OWNER’S LIST OF TAX DEDUCTIONS

For a business owner, taxes can be overwhelming and cumbersome. Tax deductions allow you to save thousands of dollars each year on your taxes and make tax filing a much more bearable experience. In this post, we'll list some of the tax deductions you can use to...

The Smart Business Owner’s List Of Tax Credits

One of the best ways to cut costs as a business owner is to take advantage of all the tax deductions and tax credits for which you're eligible. As a business owner, you're concerned with the bottom line--increasing your net profits. That probably means you spend most...

PRESS RELEASE: Cassidy Jakovickas, CPA of Fresno, CA Appointed to Intuit’s Accountant Council

Select Panel Advises on Products and Services that Accountants and Their Clients Want Most             FRESNO, CALIFORNIA – June 4, 2019 –Today, Intuit, Inc (Nasdaq: INTU) announced that Cassidy...

Beyond The Numbers: What We’ve Been Reading

Although our team loves using numbers and spreadsheets to help our clients make the best financial decisions, we also enjoy reading great books. Staying well read on both fiction and non-fiction books helps us hone our imagination and introduces us to new, sometimes...

Looking Back At April

It’s hard to believe that we’re at the end of April, but it’s true! This month, we helped our clients wrap up another great (and busy) tax season. There was, as always, a lot of paperwork, emails, and nail-biting involved in the days preceding April 15, but that’s all...

5 Last-Minute Tips For Filing Taxes in 2019

Well, April 15 is almost here, and the tax-related panic is thick. If you haven’t filed your 2018 tax paperwork and are rushing to get your taxes in by the deadline, we’ve decided to give you some last-minute tax advice that will hopefully help ease your stress....

An Introduction To Cybersecurity for Business Owners

Keeping your sensitive business and customer data secure has never been more critical. Whether you are a small business or a national corporation, you can't relax your defenses against those criminals seeking to take advantage of lazy cybersecurity policies. Virtually...

March News Roundup

Wow! It seems like we just started March and we’re already moving into April! As we move into the final stretch of tax season, we’re recapping this month’s news for you, just in case you missed it amid the tax-related hubbub. MBS Accountancy: November Review This...

4 Key Changes To Depreciation Under The TCJA

As the Tax Cuts and Job Act (TCJA) continues to be unraveled by tax professionals, it’s important to review the changes and their implications on business operations and tax strategies. In this article, we’ll highlight TCJA’s changes to first-year bonus depreciation,...

3 Ways A CPA Can Make Your Business Successful

It can often seem unnecessary to hire a certified public accountant (CPA) since bookkeepers and accountants are frequently believed to be the be-all-end-all for a business’ finances. However, there are certain advantages to having a CPA by your side. While we...

Six Tips For Turning Your Hobby Into Your Job- #FrugalFri.

Reading Time: 2 minutes

2989488084_35c73c11e7_z

Source: Flickr

1. Teach others to do what you love. Teach piano lessons, offer cooking classes, or teach another language, if those are your passions. “You can do this by teaching through a college or continuing education program, by creating your own classes, or by creating your own webinars or tele-seminar series online,” Collamer says.

 

2. Sell/import/invent/craft a product or accessory for enthusiasts in your hobby. For example, if you are a wine enthusiast, you might import hand-blown wine glasses from a different country, or invent a unique wine-themed refrigeration device, or develop a line of fun wine-themed t-shirts. “Hobbyists tend to be very enthusiastic, passionate and willing to spend money on items related to their hobby, “ Collamer says. “Just think of what baseball enthusiasts are willing to pay for World Series tickets.”

 

  1. Teach the business of the hobby. So let’s say your background is in publishing, but you love cooking, you could specialize in teaching people in the food industry how to get their cookbooks published.

 

4. Speak or write about your hobby. “Hobby related how-to-topics, historical perspectives, and compelling stories, are all of interest to enthusiasts,” Collamer says. And you could get paid to do it.

 

5. Create a tour or performance series around what you love. “The other day I met a woman who bills herself as a “Founding Fathers Fanatic” and she perfroms ar schools, in character, to teach students about the Founding Fathers,” Collamer says. “Another example of this is Tony Mula, who turned his love of pizza and Brooklyn into the highly successful ‘A Slice of Brooklyn’ pizza tours,” she adds. “I also know of a bike enthusiast who runs bike tours in California.”

 

6. Appraise, repair or fix items related to what you love. Most hobbies have “stuff” connected to them, and sometimes, that stuff needs to be fixed by a skilled and knowledgeable person. “You could fix computers, appraise collectibles, repair bicycles, source missing parts for highly unusual items, and so on,” Collamer says.

 

Originally posted and shared from: http://onforb.es/1g68iS9, by Jacquelyn Smith, October 7, 2013 1:15 PM

 

Previous

Next